Second Purse Challenge Thread #2

skilly

£5.00 added today :-)

alibo100

Hubby still ill but getting there. But getting back onto this after Christmas. Did my Christmas stock up today and not spending any more. At zero now in my third purse and second purse so need to start again but managed to save £206 so very happy with this system.
Happy Christmas/Holidays everyone and thanks for all you support in my saving endeavour!

skilly

Morning all,

Merry Xmas all :xmassign:
Added £10 to purse today .

pinkie_pie

Am I able to join please? A bit confused about what most people use for 'purses' - actual ones, bank accounts, etc?

kahunababy

Happy New Year to you all!

I don't really want to commit to joining this challenge as I am notorious for starting and not continuing however I am doing this in my own way and what a brilliant idea!

I gave myself a budget of £10 a week to put away for bargains although I stocked up on the firsts of the month and spent £39.50 (4 weeks worth of stock money). As soon as I got home I got my sharpie pen out and wrote the price I would charge myself, I am not charging the full price but I do make sure I make a profit on each item. For example I bought 3 bottles of coke zero for £3 when on offer in Mr T. They are normally £1.98 a bottle but I am charging myself £1.50 a bottle. This way I make 50p profit on each bottle yet still feel like I have a bargain as I haven't paid full price. I have just done my books and I now have £78 worth of stock and £9 in my second purse! As soon as I have more than £50 in my 2nd purse I will put any excess into my spare bank account which will go towards paying for our family holiday this year, although I need to pay for 3 new passports first as we have all just ran out or are about to run out!

Anyway, I just wanted to say thanks for the idea and good luck to all those taking part. Keep us posted on how you are getting on.

happybunny86

I'd like to commit to this challenge but just want to make sure I've got it.
So if I start with £5 in my first purse I could of today and buy some chopped tomatoes and toilet roll as they are both on offer. Do I buy one back every time I use it to fill up my second purse? Then either move the money into a 3rd savings purse or back to purse 1 to buy mores tuck. Is that correct? Thanks in advance.

alibo100

Come on girls lets get back on this, this is a call to moneysaving arms! We have been very quiet since Christmas. Come on Esther!! We need new savings goals.


Mine is going to be saving for my children's birthdays.


I need to start again. I've got about £35 in my second purse and an empty third purse but have been buying a lot of bargains but have not had enough money in my first purse to pay myself back so I am starting again this week.


Pinkie - use whatever you like, my first purse is my actual purse, my second purse is a money bag that I keep in my bag, my third purse is a piggy bank.


HappyBunny put your stock in a separate cupboard and every time you get something out use it like a shop and pay yourself back the full price into your second purse or I write it down on a piece of paper stuck to the fridge and pay myself when I can.


Lets Go!!
xxx

Billie-jo

Yes come on everybody its time to revitalise this thread and to encourage newbies. bargains
Not sure of totals but think there is around £25 in third purse and £50 in second purse at moment. Unfortunately have not seen any bargains that we would utilise recently except for H3inz Tomato soup in Morri$ons that was £1.68 for 4 tins (half price) I must have at least 28 tins in stock!!!!
Its a really good idea once you can get your head around it.
If anyone sees any good bargains then let us all know and post on here.

madkoi

Hi, I'm bit of a lurker but I would like to give the 2nd purse a try.

I have seen offers at tesco -
Yorkshire Tea 240 bags £4
Elvive Shampoo or Conditioner 250ml 2 for £4
Walkers Sunbites £1 each
Tesco baby wipes (64's) 4 for £3.40

These are just some of the items I buy so I may stockpile for the months to come!

:money:

madkoi

Hi me again...Can someone help me understand how to get the second purse system.

I have read the explanation & I do get that in principle. But I need to work out what I pay back to myself. So here goes.

I put £30 in my second purse & spend all of it on special offers. Alot of them are either a reduced price or buy 2 for £3 etc.
So my stock is worth £47.00 so £17 savings.

When I come to take stock & pay it back, do I pay the full price of what it should be? For example, tea bags were £4 instead of £5.99.

Sorry to waffle but i'm a little confused!:huh: